World Economy

Federal Reserve Chair Janet Yellen said Friday that the case for raising interest rates has strengthened in light of a solid job market and an improved outlook for the US economy and inflation.…

Australian Prime Minister Malcolm Turnbull said on Saturday it was imperative for Australia to cut its high debt levels, urging newly elected opposition lawmakers to support his economic reform…

When Britain voted to leave the European Union in June of this year, it took the world by surprise.

That marginal majority has been the topic of many a debate; around the future of Europe,…

Argentina’s economy shrank 4.3% year-on-year in June, a much sharper contraction than expected in the first official growth data reported during President Mauricio Macri’s term.

Investments in Asia-Pacific financial technology ventures, primarily in China, reached $9.62 billion as of July 31, more than twice the $4.26 billion invested in the region in all of 2015,…

A recent survey by Google and Temasek predicts the Internet economy in Southeast Asia will grow 6.5 times to $197 billion by 2025 from its current evaluation of $31 billion, Antara…

The South Korean Finance Ministry said that global credit appraiser Fitch Ratings positively assessed the government’s structural reform efforts to improve its financial soundness.

New orders for US manufactured capital goods rose for a second straight month in July as demand for machinery and a range of other products picked up, offering a tentative sign that a business…

Pfizer has agreed to buy an antibiotics business from AstraZeneca for $725m as well as other payouts, settling for one piece of a company it once tried to acquire, Bloomberg reported. Pfizer will…

CTBC Financial Holdings, parent of Taiwan’s top credit card issuer, and Chinese state-backed lender China CITIC Bank Corp have canceled investments in each other amid fresh cross-strait…

Loans delinquent for at least 90 days in Brazil began to show signs of stability despite a slight increase in July, a signal that efforts by banks to help corporate clients refinance looming debt…

Global trade volume only rose 0.1% in June compared to a year ago, according an analysis of government global trade data released Thursday by Panjiva, an analytics firm. It's the lowest monthly…

The economy remained relatively stable in the first half of the year despite turbulence in the global economic arena, Rwanda’s central bank said Friday, NewsNow reported. Presenting the Monetary…

The world’s biggest pension fund posted a $52 billion loss last quarter as stocks tumbled and the yen surged, wiping out all investment gains since it overhauled its strategy by boosting shares…

Portugal joined the list Thursday of European countries casting doubt on Britain’s ambition of keeping single-market access for its banks when it leaves the bloc.

When the EU put pressure on Switzerland to scrap tax breaks for foreign companies, Geneva had the most to lose. Now the canton that is home to almost 1,000 multinationals is set to use tax to…

Preliminary first-quarter gross domestic product data for Qatar, adjusted for inflation, has showed annual growth at its lowest level since at least 2011.

Qatar’s Ministry of Development…

The French economy has ground to a halt in the second quarter of the year reporting zero growth. This is according to the statistics bureau INSEE which released its latest report on Friday.

Spain, the eurozone’s fourth-largest economy is in good shape, even though recovery from recession is showing some signs of strain and growth is expected to slow next year.

Singapore’s manufacturing output slumped 3.6% in July from a year ago, contracting for the first time in five months, underlining concerns surrounding the country’s economic outlook, Channel…

Almost half of Britons believe the UK economy will contract in the next year as a result of the Brexit vote, according to a poll.

US new homes sales jumped in July to their fastest rate in nearly nine years, according to Commerce Department figures. Low interest rates on mortgages and an improving jobs market have helped…

Mexico’s peso deepened losses after Standard & Poor’s cut the country’s sovereign credit outlook to negative on Tuesday, while other Latin American currencies weakened following strong US…

Pakistan’s large scale manufacturing sector has witnessed growth of 3.21% during the fiscal year 2015-16 as compared to the corresponding period of last year. APP reported.

European equities climbed for a third day, with investor confidence slowly coming back amid the calmest market in more than a year.